Charlotte – Nine rural local governments across North Carolina will benefit from more than $2.2 million in financing, which will help them attract a total of 169 new jobs and nearly $50 million in private investment.
The grants come from the North Carolina Rural Infrastructure Authority. The requests include commitments to create a total of 191 jobs, 22 of which were previously announced. Public investment in these projects will attract more than $49.5 million in private investment, according to a statement from Governor Roy Cooper’s office.
Funding comes from a variety of grant and specialty loan programs offered and administered by the NC Division of Rural Economic Development and Commerce. Grants can support a variety of activities, including infrastructure development, building renovation, expansion and demolition, and site improvement.
The Rural Infrastructure Authority has approved seven grant applications under the State Building Reuse Program in two categories:
The category of vacant building
- Cleveland County: A $75,000 grant will support the reuse of a 237,000-square-foot building in Kings Mountain. The building will be occupied by ACTEGA North America, a manufacturer of specialty coatings and chemicals for the printing and packaging industries. This project is expected to create 12 job opportunities, with an investment of $8.5 million by the company.
- Greene County: The grant in the amount of $50,000 will support the reuse of a 6,300-square-foot building located in Snow Hill. The building will be the home of Heritage Family Health, a primary care facility for children and adults. The company will create five jobs and invest $210,000 in the project.
- Transylvania County: A $200,000 grant will support the reuse of a 41,000-square-foot building in Brevard. Siscovers Enterprises, Inc. will use Textile manufacturer and women-owned company built to manufacture bedspreads, pillows, curtains, and decorative futons. The company expects to create 26 job opportunities and invest $1.4 million in the project.
Current Business Building Category
- County of Scotland: A $125,000 grant will support the renovation of a one million square foot building in Laurinburg. The building is currently occupied by Pilkington North America Inc. , a manufacturer of glass for the architectural, automotive and creative industries. Overall, this project is expected to create 20 jobs, with 14 jobs and an investment of $11.8 million associated with this grant.
- Davidson County: A $100,000 grant will support the renovation of a 1 million square foot building occupied by EGGER Wood Products in Linwood. The company is a manufacturer of wood materials used in furniture, interior design, flooring and building products. The company will provide 21 job opportunities and invest $21.5 million in the project.
- Dublin County: A $170,000 grant will support the renovation of a 150,000-square-foot building located in Faison. The building is the home of Cottle Strawberry Nursery, which supplies strawberry tips and plugs and bare root plants to growers. In this project, the company plans to add a new production line to its operations, creating 19 jobs with an investment of $1.6 million.
- Yadkin County: A $400,000 grant will support the renovation of a 128,000-square-foot building in East Bend occupied by Cross Technology, a provider of high-quality precision components, heat-shrink products, wire assembly, and injection molding. The company expects to create 82 jobs and invest $3.4 million in this project.
the Building Reuse Program Grants are made to local governments to renovate vacant buildings, renovate and/or expand buildings occupied by existing North Carolina businesses, and renovate, expand, or construct health care facilities that will result in new job creation in Tier 1 and Tier 2 counties and in the rural census areas of Tier 3 counties.
RIA approved one application under the state’s Economic Infrastructure Program:
- Town of Dillsboro (Jackson County): A $104,000 grant, which includes a previous award from February 2023, will support the completion of water system improvements to provide enhanced fire protection, water flow, and pressure to service The Jarrett House/Mount Beulah Hotel, an adjacent restaurant, and the City of Dillsboro. The company plans to create 12 jobs, which is an increase from the previous grant, with an investment of $966,370.
the economic infrastructure programme Grants are given to local governments to assist with infrastructure projects that will lead to job creation. The program prioritizes jurisdictions in the 80 most economically distressed provinces (Tiers 1 and 2) and can help build water and sewer lines, sewage treatment plants, natural gas lines, public broadband infrastructure, roads, railways, and other permitted infrastructure. under program guidelines.
RIA approved one application under the state’s Industrial Development Fund – Utility Account Program:
- Craven County: The grant in the amount of $1,077,694 will help the county construct an access road at the Coastal Carolina Corporate Aerospace Development Park in New Bern.
In addition to reviewing and approving funding applications, the NC Rural Infrastructure Authority formulates policies and priorities for grant and loan programs administered by the NC Rural Economic Development Team.
(c) North Carolina Business
This story was originally published at: https://businessnc.com/9-rural-north-carolina-local-governments-receive-job-creating-grants/